Statute · California Government Code
Cal. Gov't Code § 53635.7 — Deposit of Funds
Cal. Gov't Code § 53635.7
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2002-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In making any decision that involves borrowing in the amount of one hundred thousand dollars ($100,000) or more, the legislative body of the local agency shall discuss, consider, and deliberate each decision as a separate item of business on the agenda of its meeting as prescribed in Chapter 9…
Citator
Cal. Gov't Code § 53635.7 — Deposit of Funds is in force in the current edition of the Code, and nothing recorded condemns it.
In making any decision that involves borrowing in the amount of one hundred thousand dollars ($100,000) or more, the legislative body of the local agency shall discuss, consider, and deliberate each decision as a separate item of business on the agenda of its meeting as prescribed in Chapter 9 (commencing with Section 54950). As used in this section, “borrowing” does not include bank overdrafts or security lending.